• Binance’s blockchain platform, BNB Chain, has recently released a whitepaper for their upcoming Web3 storage infrastructure, BNB Greenfield.
• This will allow users with BNB tokens and a BNB Chain address to store data, while offering support from Amazon Web Services, NodeReal and Blockdaemon.
• The goal of the development is to increase the use of BNB tokens and provide end users and decentralized applications with full access to their data.
BNB Chain Releases Whitepaper
Binance’s blockchain platform, BNB Chain, has recently released a whitepaper for their upcoming Web3 storage infrastructure, dubbed as “BNB Greenfield”. The goal of the development is to increase the use of BNB tokens and provide end users and decentralized applications with full access to their data.
Developers Offering Support
The development teams from Amazon Web Services (AWS), NodeReal and Blockdaemon are offering support for the project’s testnet of the anticipated Web3 infrastructure. Additionally, it is expected that this new storage network will provide smart contract interfaces which could open up utility and financialization opportunities for data stored in it.
How Does It Work?
Users with both BNB tokens and a valid address on the BNB Chain can store information on this new platform similar to how one would use cloud storage services like DropBox in a Web 2 system. Furthermore, there are various applications proposed by the whitepaper such as private cloud storage, web portal hosting/deployment etcetera.
What Are Its Benefits?
The key benefits of using this new standard in Web3 data ownership include its ability to introduce a new structural and economic paradigm for data usage in this era. It also provides an improved level of control over your stored information as compared to traditional cloud storage solutions as well as potentially leading to increased demand/utility for Bitcoin Token (BNB).
Conclusion
All in all, it’s an exciting time for those interested in leveraging blockchain technology through cryptocurrencies like Bitcoin Token (BNB). With its release of the greenfield whitepaper, the team at Binance’s blockchain-based platform hopes that they can make strides towards providing better security measures while simultaneously creating more opportunities for its users through increased financialization capabilities related to stored data.